Shutterstock (SSTK) shares surge 9.3% on potential merger talks with Getty Images.

From Barron’s: 2025-01-03 15:34:52

Shares of Shutterstock (SSTK) surged 9.3% after reports of potential merger talks with Getty Images. Market volatility suggests the news is significant but not game-changing for the company. Shutterstock recently reported strong third-quarter results, beating revenue, EPS, and EBITDA expectations. The acquisition of Envato is expected to boost subscriber numbers and revenue growth. Despite a 7.9% increase year-to-date, the stock is still trading 39.3% below its 52-week high. Investors who bought shares 5 years ago would see a 27.1% decrease in value. Stay informed with StockStory’s watchlist feature for real-time updates.



Read more at Barron’s: Shutterstock (SSTK) Shares Skyrocket, What You Need To Know